Wolfe Research Forecasts Strong Price Appreciation for Micron Technology (NASDAQ:MU) Stock

Key Points

• Wolfe Research raised its price target for Micron Technology from $160.00 to $180.00, suggesting a potential upside of 13.34% from its current stock price.
• Other analysts, including Barclays and Cantor Fitzgerald, have also increased their price targets significantly, indicating strong investor confidence in the stock's performance.
• Micron recently reported earnings of $1.91 per share, exceeding estimates, and is projected to post earnings of 6.08 per share for the current year.

Micron Technology (NASDAQ:MU - Get Free Report) had its price objective lifted by equities research analysts at Wolfe Research from $160.00 to $180.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the semiconductor manufacturer's stock. Wolfe Research's price objective would indicate a potential upside of 13.34% from the company's current price.

MU has been the subject of a number of other reports. Barclays lifted their price target on shares of Micron Technology from $95.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $155.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday. UBS Group lifted their price target on shares of Micron Technology from $155.00 to $185.00 and gave the company a "buy" rating in a research report on Monday. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price target on shares of Micron Technology in a research report on Monday, August 11th. Finally, Zacks Research upgraded shares of Micron Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.12.

Micron Technology Trading Up 0.7%

Shares of MU stock opened at $158.82 on Wednesday. The firm has a 50 day moving average price of $121.38 and a two-hundred day moving average price of $104.16. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $177.74 billion, a PE ratio of 28.62 and a beta of 1.47. Micron Technology has a 12-month low of $61.54 and a 12-month high of $160.34.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same period last year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, analysts predict that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Manish H. Bhatia sold 80,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the sale, the executive vice president owned 275,067 shares of the company's stock, valued at $33,877,251.72. The trade was a 22.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares in the company, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 268,446 shares of company stock valued at $33,055,075 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

A number of institutional investors have recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its position in Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer's stock valued at $645,000 after acquiring an additional 99 shares during the last quarter. SilverOak Wealth Management LLC boosted its position in Micron Technology by 3.5% during the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock valued at $364,000 after acquiring an additional 100 shares during the last quarter. Beta Wealth Group Inc. boosted its position in Micron Technology by 1.5% during the second quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer's stock valued at $839,000 after acquiring an additional 102 shares during the last quarter. HMS Capital Management LLC boosted its position in Micron Technology by 0.6% during the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after acquiring an additional 107 shares during the last quarter. Finally, D.B. Root & Company LLC boosted its position in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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